Wealthlooks Ltd Policies & Procedures
Policies and Procedures of Wealthlooks Ltd
Introduction to Policies and Procedures
1.1 Purpose of Policies and Procedures
These are the Policies and Procedures of Wealthlooks Ltd, registered in the Republic of Cyprus under registration number HE 415920 (“Wealthlooks”) that allow Wealthlooks and its Independent Business Owners to conduct their businesses in the most transparent and efficient manner possible.
1.2 Incorporated into the Independent Business Owner Application and Agreement
These Policies and Procedures are referenced and incorporated within the Wealthlooks Representative Application and Agreement, in their present form and as amended from time to time by Wealthlooks. The term “Agreement” applies to the Policies and Procedures, the Wealthlooks Representative Application and Agreement and the Wealthlooks Bonus Affiliates commissions as may be amended from time to time.
It is the responsibility of each Independent Business Owner to read, understand, adhere to and ensure that he/she is aware of and operating under the most current version of these Policies. When sponsoring or enrolling a new Independent Business Owner, it is the responsibility of the sponsoring Representative to provide the most current version of these Policies and Procedures and the Wealthlooks Bonus Affiliates commissions to the applicant prior to his/her execution of the Representative Agreement.
1.3 Amendments to “Agreement”
Wealthlooks reserves the right to amend these Policies and Procedures, the Wealthlooks Independent Business Owner Application and Agreement, its Bonus Affiliates commissions, product offerings and product prices at its sole and absolute discretion at any time. Wealthlooks will provide a complete and current copy of these Policies and Procedures on its official website. Wealthlooks may also notify Independent Business Owners of amendments to the Policies and Procedures in other ways, including one or more of the following – emails, text messages, company publications, online magazines, commission and bonus statements and postal mailings. Independent Business Owners agree to all amendments.
1.4 Delays in Performance – Force Majeure Events
Wealthlooks shall not be in breach of this Agreement nor liable for delay in performing, or failure to perform, any of its obligations under this Agreement if such delay or failure result from events, circumstances or causes beyond its reasonable control. In such circumstances the time for performance shall be extended by a period equivalent to the period during which performance of the obligation has been delayed or failed to be performed.
1.5 Policies and Procedures Severable
Should any provision or part-provision of these Policies and Procedures, the Wealthlooks Independent Business Owner Agreement, or any other documents referred to herein or published by Wealthlooks is or becomes invalid, illegal or unenforceable, it shall be deemed deleted, but that shall not affect the validity and enforceability of the rest of this Agreement. If any provision or part-provision of this Agreement is deemed deleted under, Wealthlooks, acting reasonably and to the extent permitted by applicable legislation, may, at its absolute discretion, add a replacement provision that, to the greatest extent possible, achieves the intended commercial result of the original provision.
1.6 Waiver
A failure or delay by Wealthlooks to exercise any right or remedy provided under this Agreement or by law shall not constitute a waiver of that or any other right or remedy, nor shall it prevent or restrict any further exercise of that or any other right or remedy. No single or partial exercise of any right or remedy provided under this Agreement or by law shall prevent or restrict the further exercise of that or any other right or remedy.
2 Becoming an Independent Business Owner
2.1 Requirements to become an Independent Business Owner
An applicant becomes an Independent Business Owner of Wealthlooks when all of the following have occurred:
a. The applicant is over eighteen (18) years old.
b. The applicant’s completed Independent Business Owner Application has been received and accepted by Wealthlooks.
Wealthlooks reserves the right to decline at its sole and absolute discretion, any Independent Business Owner Application.
If we discover multiple accounts, we reserve the right to suspend/ban those accounts. It has to finish the 6month period of inactivity (after he was canceled/resigned).
2.2 New Independent Business Owner Registration
An applicant may submit the Wealthlooks Independent Business Owner Application and Agreement online through the company’s official website or through the Personal Website of a sponsoring Wealthlooks Independent Business Owner.
Users who are only 18+ years old are allowed to sign up as an IBO or as an Elite Customer.
2.3 Independent Contractor
Independent Business Owners are independent contractors. They are not employees of Wealthlooks, agents of Wealthlooks, or purchasers of a franchise. The relationship between Independent Business Owners and Wealthlooks is not an employer/employee relationship, agency relationship, partnership or joint venture between the parties. Independent Business Owners may not bind Wealthlooks to any obligation.
2.4 Legal Compliance
Independent Business Owners must comply with all applicable laws and regulations, regarding the operations of their businesses. Independent Business Owners are responsible for all managerial decisions, including complying with their legal obligations in relation to all applicable taxation as independent contractors, including but not limited to income taxes, social insurance contribution, national healthcare systems etc.
2.5 Independent Business Owner Benefits
Upon acceptance by Wealthlooks of a completed Independent Business Owner Application, the respective Independent Business Owner shall be entitled to the following benefits:
a. Earn commissions and bonuses as specified in the Wealthlooks Bonus Affiliates commissions.
b. Sponsor others as Independent Business Owners or Elite Customers or retail customers.
c. Receive literature, communications, support and training from Wealthlooks at the discretion of Wealthlooks.
d. Obtain rewards from promotions and incentives offered by Wealthlooks.
2.6 Term and Renewal of an Independent Business Owner’s Business
The term of an Independent Business Owner’s Agreement with Wealthlooks shall be one calendar year from the date of acceptance by Wealthlooks as an Independent Business Owner and provided that the applicable registration fee of €100 (one hundred Euros) + V.A.T. (If applicable) has been paid. Independent Business Owners must renew their Wealthlooks Independent Business Owner Agreement each year by paying a renewal fee of €100 (one hundred Euros) + V.A.T. (If applicable) on or before the anniversary date of acceptance of their application or within 35 days thereafter. Wealthlooks reserves the right to reject any Independent Business Owner’s application for renewal.
If the renewal fee is not paid within a 35-day grace period beyond the expiration of the current term of the Independent Business Owner Agreement, the Independent Business Owner Agreement will be canceled by Wealthlooks.
In case of an Independent Business Owner who fails to pay the renewal fee within the one (1) year plus thirty-five (35) days grace period will automatically become an Elite customer in the system losing all the rights of the Independent Business Owner and will only be entitled to the Elite customer rights.
2.7 Multiple Agreements
If an applicant submits multiple Independent Business Owner Agreements which list different sponsoring Independent Business Owners, generally only the first Agreement received by Wealthlooks will be accepted. However, Wealthlooks reserves the right to make the final decision on which Agreement is accepted. However, each applicant shall only be allowed to hold only one position.
3 Operating Your Independent Business Owner Business
3.1 Advertising
Independent Business Owners may use only company-approved sales aids; literature; images; templates; tools; classified, display and Internet banner advertisements; and Personal Websites to promote their businesses and any other material that will be provided only by Wealthlooks.
In the event of advertising violations by Independent Business Owners, Wealthlooks reserves the right to terminate the Independent Business Owner Agreement, without notice.
3.2 Answering the Phone
Independent Business Owners may not answer the telephone in any manner that would lead the caller to believe he or she is speaking with a corporate office of Wealthlooks.
3.3 Business Entities
Most people become Independent Business Owners as individuals.
Wealthlooks at its sole and absolute discretion may also permit business entities to apply as Independent Business Owners, such as sole proprietorships doing business under an assumed name, limited liability companies, and partnerships.
However, no individual may participate or have ownership in more than one Wealthlooks Independent Business Owner business without written permission from Wealthlooks.
See sections 4.2 and 4.3 for information on transfer of ownership to a business entity.
To verify the form of business entity, Wealthlooks may require at any time for an applicant to submit a copy of certificate of incorporation of the entity, its articles of incorporation, articles of association, or other relevant documentation at the discretion of Wealthlooks as well as all relevant documentation in accordance with all applicable anti-money laundering legislation.
If a company applies as a business entity or changes ownership status from individual to business entity, all of the owners agree to be individually and jointly liable for the conduct of the business entity. Depending on the circumstances, Wealthlooks can request to be provided with constitutional documentation such as evidence of the ultimate beneficial owners, directors or other management body, place of business address, bylaws or articles of association. Wealthlooks reserves the right to request, at the expense of the business entity, a legal opinion from a local legal advisor confirming the status and information provided for such entity.
3.4 Changes to Your Business
In case of any changes to Independent Business Owners’ address, or other contact information declared to Wealthlooks, such changes must be immediately reported to Wealthlooks.
3.5 Checks
Independent Business Owners shall not use the words “Wealthlooks” or any similar wording or any trademarks of Wealthlooks on imprinted personal or business checks. However, Independent Business Owners may use the words “Independent Business Owner of Wealthlooks” on personal or business checks.
3.6 Conduct
Independent Business Owners shall perform their business activities in ways to protect and enhance their reputations and the reputation of Wealthlooks. They shall not engage in discourteous, deceptive, misleading, unethical, immoral, or illegal conduct or practices.
Independent Business Owners shall strictly adhere to and abide by the following Code of Conduct:
3.7 Conflicts of Interest
To preserve the integrity of Wealthlooks, its income opportunity and products, the Wealthlooks income opportunity may not be presented with other income opportunities and Wealthlooks products cannot be sold along with products of other companies at the same time.
Independent Business Owners, both during the term of the Agreement and for a period of two years after the expiration of the Agreement, may not contact suppliers of or manufacturers for Wealthlooks.
3.8 Cross Recruiting
With the exception of personally enrolled Independent Business Owners, Independent Business Owners may not recruit or attempt to recruit another Independent Business Owner into any other network marketing or direct selling company. In addition, no Independent Business Owner may participate in any action that causes another Independent Business Owner to be recruited through someone else into another network marketing company or direct selling company.
Actual or attempted cross recruiting is strictly prohibited. “Cross recruiting” is defined as the nrolment of an individual, or entity, that already has a current Customer or Representative Agreement in Wealthlooks’ records, or who has had such an agreement within the preceding six (6) calendar months, within a different line of sponsorship. The use of a spouse’s or relative’s name, trading names, assumed names, companies, partnerships, or fictitious ID / Passport numbers to circumvent this policy is prohibited. Independent Business Owners shall not demean, discredit or defame other Wealthlooks Independent Business Owners in an attempt to entice another Independent Business Owner to become part of the first Independent Business Owner’s marketing organization. This policy shall not prohibit the transfer of a Wealthlooks business in accordance with section 4.
If Cross Recruiting is discovered, it must be brought to the attention of the compliance department immediately. Wealthlooks may take disciplinary action against the Independent Business Owner that changed organizations and/or those Independent Business Owners who encouraged or participated in the cross recruiting.
Independent Business Owners waive all claims and causes of action against Wealthlooks arising from or relating to the disposition of the Cross Recruited Independent Business Owner’s downline organization.
3.9 Digital Media
Independent Business Owners may upload, submit or publish any Wealthlooks-related audio, video, photo or presentation content that they create as long as it is in alignment with Wealthlooks values, adds to the Wealthlooks community greater good, and complies with Wealthlooks Policies and Procedures. These submissions must clearly identify you as an Independent Wealthlooks Independent Business Owner (in the content itself and/or in the content description tag), must fulfill all copyright/legal requirements, and must indicate clearly that you are solely responsible for this content and not Wealthlooks.
You may not upload, submit or publish any content (audio, video, photo, or presentations) or any types of computer files received from Wealthlooks or captured at official Wealthlooks events or in buildings owned or operated by Wealthlooks without prior written permission from Wealthlooks.
3.10 Domain Names
Independent Business Owners may not register or use any of Wealthlooks’s trade names, trademarks, copyrights, service names, service marks, product names, Wealthlooks’ name, or any derivation thereof for any Internet domain name.
3.11 Email
Independent Business Owners may not send directly or indirectly unsolicited emails to promote Wealthlooks, its products or its opportunity to people who have not given you permission to contact them regarding Wealthlooks. Subject lines must not be deceptive and emails must not contain income opportunity or product claims that do not appear in official and current Wealthlooks literature.
3.12 Governmental Endorsement
Independent Business Owners shall not represent that Wealthlooks, its Bonus Affiliates commissions, or its products have been endorsed, recommended, or approved by any government or government agency.
3.13 Income Claims
Independent Business Owners are not permitted to disclose personal earnings, the earnings of others, or originals or copies of commission and bonus checks. Also, Independent Business Owners may not make income projections, income guarantees, or express income expectations of any kind to anyone, with the exception of the most recent income disclosures published by Wealthlooks or other similar information on what the typical participant is likely to earn.
3.14 Income Taxes
Wealthlooks Independent Business Owners are responsible for all taxes which might arise due to the commissions and/or bonuses and/or all other earnings that might earn as Wealthlooks Independent Business Owners.
3.15 Indemnification
Wealthlooks Independent Business Owners indemnify and release Wealthlooks, its officers, management team, and employees and holds harmless from and against any and all claims, causes of action, judicial proceedings, administrative proceedings, lawsuits, charges, losses, damages, costs and expenses including, but not limited to, court costs, reasonable fees, and expenses of attorneys and consultants which are or may be made, filed, or assessed against Wealthlooks at any time as a result of a Wealthlooks Independent Business Owner’s business activities or representations made by a Wealthlooks Independent Business Owner in the operation of his/her business, from activities such as, including but not limited to:
a. Non-compliance with the terms of the Wealthlooks Agreement, these policies and procedures, the Bonus Affiliates commissions of Wealthlooks and any other rules or directives from Wealthlooks regarding the method and operation of the Wealthlooks Independent Business Owner business.
b. Making verbal or written claims about the company, its products or services and the Wealthlooks income opportunity that are not contained in officially produced Wealthlooks materials and literature,
c. Fraud, misconduct or negligence,
d. Lack of adherence to national and/or supranational laws and regulations, decrees, rules, or actions of courts with jurisdictional authority,
e. Exceeding the limits of authority granted by Wealthlooks,
f. Engaging in activities over which Wealthlooks does not have effective control and/or
g. Infringement of any intellectual property rights either of Wealthlooks and/or any third party.
3.16 Wealthlooks Logo
Independent Business Owners may use only the Wealthlooks Independent Business Owner version of the Wealthlooks logo in communication, websites and any other items you create for yourself for personal use or for use by other Wealthlooks Independent Business Owners. To use any other Wealthlooks logo requires written approval from the legal department of Wealthlooks.
3.17 International Sales
Independent Business Owners may sell Wealthlooks products or share the Wealthlooks income opportunity within the Republic of Cyprus and its territories and those countries in which Wealthlooks is operating as announced in official Wealthlooks communications. Sales of products and enrollment of Wealthlooks Independent Business Owners in other countries may require additional agreements.
3.18 Internet Marketing
It is the responsibility of Independent Business Owners to ensure that their online marketing activities and materials are truthful, not deceptive and not misleading to customers and prospective Independent Business Owners. Regardless of intent, websites and web promotion activities that mislead or are deceptive are not allowed. Examples of such activities include spam linking (or blog spam), unethical search engine optimization (SEO) tactics, misleading click-through ads (i.e. having the display URL of a PPC campaign appear to resolve to an official corporate Wealthlooks website when it goes to an Independent Business Owner website or elsewhere), unapproved banner ads and unauthorized press releases. Wealthlooks shall be the sole determinant of truthfulness and whether specific activities are misleading or deceptive.
3.19 Media Interviews
Independent Business Owners are not permitted to grant radio, television, newspaper, magazine or web-based interviews or make any statements to the public media or distribute any form of press release that includes information about Wealthlooks, its products or income opportunity or to publicize Wealthlooks, its products, business or the Independent Business Owner’s business, without the prior express written permission of Wealthlooks. All media inquiries should be presented in writing to Wealthlooks’s legal department for pre-approval.
3.20 Non-Disparagement
Wealthlooks strives to offer its Independent Business Owners a great income opportunity, a rewarding Bonus Affiliates commissions and excellent service and support.
Sharing negative comments with other Independent Business Owners and prospective Independent Business Owners will not help to make things better. Instead, negativity will merely disparage others.
Your comments and constructive criticism are encouraged and valued by Wealthlooks. Please submit all suggestions in writing to Wealthlooks.
Independent Business Owners must not criticize Wealthlooks, other Independent Business Owners, the Wealthlooks products, the Wealthlooks Bonus Affiliates commissions or the owners, management or employees of Wealthlooks.
3.21 No Spam Policy
Wealthlooks prohibits unsolicited email, text messaging and instant messaging or faxes relating to Wealthlooks’ income opportunity, products and services. Independent Business Owners who violate this policy are subject to termination, suspension and/or other disciplinary actions.
3.22 One Business Per Independent Business Owner
An Independent Business Owner may not have a financial interest in more than one Wealthlooks business spot without the prior written approval of Wealthlooks. However, a spouse of an Independent Business Owner may have his/her own Independent Business Owner business.
3.23 Pay-Per-Click Ads and Sponsored Links
Pay-per-click (PPC) advertisements or sponsored links are permitted. The destination URL in these ads or links must be to either your Personal Website or to one registered External Website. The display URL must also be to either your Personal Website or to your registered external site. The display URL must not be inappropriate or misleading and must not lead a user to assume he or she will be directed to a Wealthlooks corporate site or be inappropriate or misleading in any way. Any images used with PPC ads or sponsored links must be current and present in the Wealthlooks library of such images.
3.24 Product Claims
Independent Business Owners are not permitted to say anything about Wealthlooks products that have not been included in company-produced literature. In addition, Independent Business Owners shall never prescribe a Wealthlooks product as suitable for the treatment or cure of any condition or disease. No Independent Business Owner may make any claim regarding the therapeutic or curative properties of Wealthlooks products, except those officially approved by Wealthlooks.
Therefore, unless officially approved in writing by Wealthlooks, no Independent Business Owner may make any claims, in advertising, promotional materials, labeling or presentations to prospective members that Wealthlooks products are useful in the prevention, diagnosis or cure of any disease or disorder.
3.25 Release
By entering and/or renewing an Independent Business Owner Agreement, Independent Business Owners agree and recognize that Wealthlooks may use their names, testimonials, quotes, stories, conversations, social networking discussions and comments, photographs, videos or likenesses in any print or electronic publicity, marketing or promotional purposes without remuneration.
3.26 Reporting Errors
If an Independent Business Owner believes that errors have been made in the qualification or calculation of commissions and bonuses, in the presentation of information on downline Independent Business Owners, or in charges assessed, the Independent Business Owner must contact Wealthlooks in writing within 60 days of the error or incident took place. Wealthlooks is not responsible for any omissions or errors that are not reported within the 60 days period.
3.27 Reporting Policy Violations
Independent Business Owners must report directly to Wealthlooks any and all observed policy violations by any other Independent Business Owner. Policy violations should be reported in writing to the Wealthlooks Compliance Department with details and supporting documents.
3.28 Roll-Up of Organization
When an Independent Business Owner’s Agreement expires, the Independent Business Owners and customers personally recruited by that Independent Business Owner shall be moved up to join the first level of the first upline active sponsor.
Since the new sponsor did not enroll the moved Independent Business Owners, the moved Independent Business Owners shall not be counted as personally enrolled by the new sponsor.
In order to safeguard the time and effort devoted by Independent Business Owners and in recognition of their work, Wealthlooks shall grant a 35-day grace period during which the Independent Business Owner may renew the Agreement in order to restore his/her lines and levels for both personally sponsored customers and other independent representatives.
3.29 Sales and Transfer
Only an Independent Business Owner (IBO) is eligible forSale and Transfer.Wealthlooks retail products are non-transferable. Once the Sale and Transfer of an existing business is completed, the new owner of the account will be responsible for purchasing his or her own retail product(s).
3.30 ALL SALES AND TRANSFERS ARE SUBJECT TO APPROVAL BY WEALTHLOOKS
The purchaser is not authorized to operate the account until the Sale and Transfer has been completed. Please allow up to 15 days to complete the Sale and Transfer from the date all necessary documents are received by the Support Department.
The seller must submit a notarized letter or a letter to intent to sell that states the Seller is transferring his or her Wealthlooks business to the Buyer, and also state the Username, Full Name, ID, Tax ID, phone number and the address on file. This letter must signed, dated and submitted to the Support Department ([email protected]) via email. The Sale and Transfer will not be processed without the letter. Sales and Transfer procedure costs 40 EUR.
3.31 Social Networking
Independent Business Owners may use social networking websites (Facebook, LinkedIn, Pinterest, IG, Twitter, Tik Tok, blogs, forums and other social interest sites) to discuss the Wealthlooks income opportunity for prospecting and sponsoring purposes. Selling or offering to sell Wealthlooks products, however, is prohibited on these sites. Be sure to identify yourself as an Independent Wealthlooks Independent Business Owner in your profiles. Abstain from inappropriate comments, conversation, images, video, audio, applications and content which is adult, discriminatory, disrespectful, offensive or untruthful. The determination of what is inappropriate is at Wealthlooks’ sole discretion. Offending Independent Business Owners will be subject to disciplinary action and/or termination. Any banner ads or images used on these sites must be current and present in the Wealthlooks approved library of such items and generally on our website or in the official Wealthlooks social media accounts (for relevant queries, please contact us). If you provide a link, it must be to your Personal Website or to a registered External Website.
3.32Spam Linking
Spam linking consists of multiple submissions of the same or similar content into blogs, blog comments, forums, guest books, websites, wikis and other online discussion boards. Spam linking is not permitted. All comments or submissions you make onto blogs, blog comments, forums, guest books, websites, wikis and other online discussion boards must be pertinent, unique and relevant.
3.33 Sponsor Changes
To support the efforts of all Independent Business Owners, changes to an Independent Business Owner’s sponsor are rarely permitted. Wealthlooks has sole and absolute discretion to approve or deny such a request by an Independent Business Owner to change his/her sponsor, without providing justification for acceptance or rejection.
3.34Sponsoring
These Policies and Procedures are important as they help to define the relationship between Wealthlooks and its Independent Business Owners. To ensure each new Independent Business Owner has read them, when sponsoring, an Independent Business Owner must give a copy of these policies and procedures to the prospective applicant.
3.35 Telemarketing
Independent Business Owners are expressly prohibited from making calls to prospective Independent Business Owners or prospective customers with the following exceptions and always subject to the applicable laws on the protection of personal data and privacy:
a. If the Independent Business Owner has an existing business relationship with the prospect, such as the purchase of a good or service in the past 18 months,
b. If the prospect has requested information from the Independent Business Owner within the previous 3 months,
c. If the prospect has given written permission to the Independent Business Owner to call the specific telephone number,
d. If the Independent Business Owner is calling family members, personal friends or acquaintances.
If a prospective customer or Independent Business Owner requests that an Independent Business Owner not contact them anymore, the Independent Business Owner must note the name and telephone number of the requester on his/her Do Not Call List and not call this person anymore. If a prospective customer requests that his/her details are deleted from the list and/or any archive or the Independent Business Owner, this shall be done immediately by the Independent Business Owner.
Independent Business Owners must not use automatic telephone dialing equipment which has the ability to dial stored telephone numbers or generate random or sequential telephone numbers automatically.
3.36 Trademarks
Independent Business Owners may not use any of Wealthlooks’s trade names, trademarks, copyrights or designs without prior written permission from Wealthlooks to do so, with the exception of the Independent Wealthlooks logo as referenced in section 3.16.
Unless specifically mentioned in these Policies and Procedures, Independent Business Owners are prohibited from using the “Wealthlooks Ltd” and “Wealthlooks” names or derivations on these names in materials created by or for Independent Business Owner use without written permission from Wealthlooks.
Independent Business Owners may not use the “Wealthlooks Ltd” and “Wealthlooks” names in any form in website names, website extension names, email addresses or tag lines. Examples of such use are mywealthlooks.com and wealthlooksproducts.com.
Independent Business Owners are not permitted to register words, groups of words, names or images as copyrights, trademarks or domain names to promote Wealthlooks, their Wealthlooks businesses or their Wealthlooks sales organizations. Independent Business Owners who register these items agree to assign to Wealthlooks any such copyrights, trademarks or domain name applications or registrations to Wealthlooks. Independent Business Owners assign any and all rights you may have to or in any such intellectual property to Wealthlooks. Further, Independent Business Owners agree that Wealthlooks may seek to register such words, groups of words, names or images as copyrights, trademarks or domain names.
Independent Business Owners may not sell, distribute or duplicate any audio or video recorded Wealthlooks events, speeches or presentations without prior written permission from Wealthlooks.
3.37 Training Others
Independent Business Owners who sponsor others are expected to provide training and assistance to personally enrolled Independent Business Owners and other Independent Business Owners in their downlines. Wealthlooks will make literature available to Independent Business Owners to help train new Independent Business Owners and Wealthlooks reserves the right at its absolute discretion to charge reasonable fees to make such literature available to Independent Business Owners that will use them for training purposes of new Independent Business Owners.
Only training materials available from Wealthlooks may be used by Independent Business Owners while training others.
If Independent Business Owners choose to create their own materials to train others, this material must be approved in writing by Wealthlooks before it is offered to others. In addition, all changes to Independent Business Owner-developed training materials must be approved in writing by Wealthlooks before amended materials are presented to others.
3.38 Websites – Wealthlooks Personal Websites
When you sign up as a Wealthlooks Independent Business Owner, you will receive your Wealthlooks Personal Website for up to the duration of your Agreement subscription through which you may sell products, and enroll prospective Independent Business Owners. Wealthlooks, in addition to any other rights or remedies that might have, reserves the right to terminate or restrict your access to that Personal Website, in case you are in breach of this agreement or any of Wealthlook’s policies.
Through your Wealthlooks Personal Website, you may sell products, and enroll prospective Independent Business Owners. Independent Business Owners may not monetize their Wealthlooks Personal Website through affiliate programs, adSense or other similar programs.
Independent Business Owners are solely responsible and liable for the content that they add to their Wealthlooks Personal Website and must regularly review this content monthly to ensure it is accurate and relevant. Independent Business Owners may not alter the branding, images and links of their Wealthlooks Personal Websites, nor may they use their Personal Websites, including links to other websites, to promote, market or sell non- Wealthlooks products, services or income opportunities.
As your Wealthlooks Personal Website resides on the Wealthlooks.com domain, Wealthlooks reserves the right to receive analytics and information on the usage of Wealthlooks Personal Websites. By default, your Wealthlooks Personal Website URL is https://wealthlooks.com/brandname Independent Business Owner. If you choose to change this URL, you must choose a uniquely identifiable website name that cannot:
a. Use the words “Wealthlooks Ltd” or “Wealthlooks” in any form;
b. Be confused with other portions of the Wealthlooks corporate website;
c. Confuse a reasonable person into thinking he or she has landed on a Wealthlooks corporate page;
d. Contain any misleading, confusing, disrespectful or offensive words;
e. Identify or be confused with a geographical location, region, state name or country.
f. Deviate from the practices allowed under these Policies and Procedures.
Examples of inappropriate naming conventions are: /info; /official; /buy; /search; /skincare; /homegymequipment, /lms, /cremes, /cosmetics, /elearning, /products; /corp; /#&@%; /companynameabbreviation; /Wealthlooks.or similar words
3.9 Websites – External Websites
In addition to a Wealthlooks Personal Website, each Independent Business Owner is permitted to maintain one External Website that promotes the Wealthlooks income opportunity. If an Independent Business Owner chooses to maintain an External Website, this website shall be registered with Wealthlooks so that its content may be approved and periodically reviewed thereafter by Wealthlooks for compliance purposes.
On your Wealthlooks External website, you may not advertise or promote any other products or services other than the Wealthlooks product line and the Wealthlooks opportunity. For example, you cannot create a website where brands of products other than Wealthlooks are offered.
In addition, on your External Website, you may not stock and sell Wealthlooks products, nor accept orders for Wealthlooks products. All Wealthlooks product orders must be placed through your official Wealthlooks Personal Website or through your back office.
Your registered External Website can link only to pages within your External Website or link to your Wealthlooks Personal Website where orders for Wealthlooks products may be placed.
Independent Business Owners are solely responsible and liable for their own External Website content, messaging, claims and information and must ensure their websites appropriately represent and enhance the Wealthlooks brand, while adhering to Wealthlooks guidelines and policies.
Independent Business Owners with External Websites agree to comply with the branding and image usage policies described in these Policies and Procedures and to modify their External Websites to comply with current or future Wealthlooks policies.
To avoid confusion, the following three elements must be displayed clearly at the top of every page of your registered External Website:
a. The Wealthlooks Independent Business Owner Logo,
b. Your name and Wealthlooks Career Plan title,
c. Wealthlooks Corporate Website Redirect Button.
Although Wealthlooks brand themes and images are desirable for consistency, anyone landing on any page of your External Website needs to clearly understand that they are on an Independent Wealthlooks Independent Business Owner site and not on a Wealthlooks Corporate page.
External Websites may not contain disingenuous pop-up ads or promotions or malicious code. Decisions and corrective actions regarding External Websites are at Wealthlooks’ sole discretion.
A blog or website developed on a blogging platform that is developed for the primary purpose of marketing or promoting Wealthlooks products and/or the Wealthlooks opportunity is considered an External Website and must be registered with Wealthlooks. Blogs created by Independent Business Owners or others that are developed primarily for other purposes that mention Wealthlooks and direct traffic to your website(s) do not need to be registered.
In the event of the voluntary or involuntary cancellation of your Independent Business Owner Agreement, you are required to remove your registered External Website from public view within 10 days and redirect (forward) all traffic from that domain to www.wealthlooks.xxx. Your External Website may be transferred to another Wealthlooks Independent Business Owner, subject to Wealthlooks approval, on a case-by-case basis.
4 Change of Ownership of Independent Business Owner Business
4.1 Divorce or Dissolution of Business Entity
If a couple that shares an Independent Business Owner entity separates or divorces, Wealthlooks will pay commission and bonus checks in the same manner until it obtains written notice that is signed by both parties or a court decree that specifies how future earnings checks should be paid and that the selling Independent Business Owner agrees in writing not compete with the purchaser or attempt to sponsor any existing Independent Business Owner for one year from the date of sale of the interest in the Independent Business Owner business.
The selling Independent Business Owner may join Wealthlooks as an Independent Business Owner six (6) months after selling his or her interest in a Wealthlooks Independent Business Owner business.
4.2 Alternatively, Wealthlooks at its sole and absolute discretion may accommodate a structure which best fits the circumstances, provided always that there is a binding agreement between the relevant parties, duly signed and notarized and that such agreement stipulations may be executed by Wealthlooks.
4.3 Sale of an Independent Business Owner Business
The sale of an Independent Business Owner’s business requires prior written approval from Wealthlooks.
Any Independent Business Owner seeking to acquire an interest in another Independent Business Owner’s business must terminate his or her existing Independent Business Owner business (or sell his or her interest in such business) and then wait six (6) months before becoming eligible for such a purchase.
No changes in line of sponsorship may occur along with a sale. An Independent Business Owner may operate or have financial interest in only one Wealthlooks Independent Business Owner business.
4.4 If someone is either IBO or elite customer who dropped from IBO or an existing elite customer, has to be inactive(no purchases, no activity) for continuous 6 months, is eligible to re-register (sign up) with any other IBO he wants to 6 months after his cancellation of his account. For the cancelation of his account, he/she needs to send an email to [email protected] that he/she wants to cancel his existing account .
For example: if a member IBO or elite member or dropped IBO (elite member) is active on February 4th and he/she sends an email for cancelation on February 10th , then he/she is eligible to sign up again on August 10th of the same year or any day after that.
4.5 Succession Due to Death or Incapacitation
An Independent Business Owner’s business is an asset that may be inherited due to death or assumed due to incapacitation of the Independent Business Owner.
Upon the death or incapacitation of an Independent Business Owner, the Independent Business Owner business, including all rights to commissions and bonuses and marketing position together with Independent Business Owner responsibilities, shall pass to the benefit of the Independent Business Owner’s successors in interest.
Wealthlooks will recognize a transfer of the Independent Business Owner business when the successors in interest have executed a new Independent Business Owner Agreement and have provided along with it certified copies of the death certificate, will, trust, power of attorney or other documents required by Wealthlooks always in line with applicable legislation. Upon acceptance by Wealthlooks, successors shall be granted all of the rights and shall have the same obligations of Wealthlooks Independent Business Owners.
If the Independent Business Owner business is bequeathed to more than one person, the successors must form a business entity which will receive payments with a single taxpayer number.
4.6 Circumvention of Policies
At Wealthlooks’ sole discretion, if it is determined that an Independent Business Owner entity was transferred or sold in an effort to circumvent the Independent Business Owner Agreement, the policies and procedures or the Bonus Affiliates commissions, the transfer or sale will be declared by Wealthlooks to be null and void. The ownership of the Independent Business Owner entity will revert back to the transferring owner. If necessary, action will be taken against the transferring Independent Business Owner to ensure compliance with the Independent Business Owner Agreement and the Policies and Procedures.
5. Sales
Save for the initial subscription fee of €100 + V.A.T. (If applicable) and annual renewal subscription fees, no product purchase is required to become an Independent Business Owner or to be qualified to earn commissions or bonuses in accordance with the rules of the Wealthlooks Bonus Affiliates commissions.
5.1 Product Sales Requirements
Personal Bonus Volume (PBV) is the total of all Bonus Volume credited to an Independent Business Owner in a calendar week from orders placed by the Independent Business Owner and his or her personally enrolled customers (retail and/or elite customers who are not Independent Business Owners).
To be eligible to earn commissions and bonuses, Independent Business Owners must meet the Personal Bonus Volume (PBV) requirement and other requirements as specified in the Wealthlooks Bonus Affiliates commissions.
In the case the status of a user downgrades from an IBO to an Elite Customer, a warning shall appear on their dashboard so they can withdraw their commissions from their commission wallet within the specified period (using the relevant payment system used from time to time by Wealthlooks for this purpose), and not later than 3 months from the date that their status is downgraded. In case the user (being an Elite Customer), does not withdraw their commission within the above-mentioned period, they shall no longer be eligible to withdraw their commission and any existing commission will be flushed and/or reset to zero.
5.2 No Territories
No exclusive territories are granted to any Independent Business Owner for sales or sponsoring purposes. No franchise is granted to the Independent Business Owner under this Agreement.
5.3 Repackaging or Relabeling
Independent Business Owners are not permitted to repackage or relabel products or alter the labels in any way of products or sales aids purchased from Wealthlooks.
Independent Business Owners may add a personalized label with contact information as long as this label does not replace or obscure the existing Wealthlooks label.
5.4 Retail Stores and Service Establishments
Wealthlooks products may not be sold in retail stores and service establishments.
A retail store is a business that sells only products and no services. A service establishment sells services, but may also sell products. Wealthlooks products may only be sold electronically through the website and will not be sold in retail stores.
5.5 Refused Shipments
An Independent Business Owner may not refuse a shipment from Wealthlooks unless prior approval from Wealthlooks has been received by the Independent Business Owner. If an Independent Business Owner refuses delivery of a shipment without approval and that shipment is returned to Wealthlooks, Wealthlooks shall have the right to sanction the Independent Business Owner pending resolution of the refusal of delivery.
5.6 Stockpiling
The Wealthlooks Independent Business Owner program depends on the sale of products to consumers. As such, all forms of stockpiling or product loading are discouraged. Wealthlooks understands that Independent Business Owners may wish to purchase products for their own use in reasonable amounts and to share with prospective recruits and customers. However, Wealthlooks specifically prohibits the purchase of products in unreasonable amounts solely in an attempt to qualify for activity and advancement in its Bonus Affiliates commissions.
5.7 Trade Shows, Fairs, Exhibitions, Flea Markets and Swap Meets
Members may not sell, sample, or display Wealthlooks products at swap meets, flea markets, open-air markets, street/vendor carts, or similar locations/events, or other locations that
Wealthlooks determines, in its sole and absolute discretion, are inconsistent with “direct selling” or are not conducive to the brand image of Wealthlooks.
5.8 Online Advertising
Independent Business Owners may use online classified to prospect, recruit, sponsor and inform the public about the Wealthlooks income opportunity or your Wealthlooks events if Wealthlooks-approved templates or images are used that identify you as an Independent Wealthlooks Independent Business Owner. If a link to a website is provided, it must direct viewers to your Personal Wealthlooks Website or your registered External Website.
Other than through an Independent Business Owner’s Wealthlooks Website, Independent Business Owners may not list or sell specific Wealthlooks products or groups of products through any online retail store or Personal Website or knowingly allow a third party to do so for them.
Independent Business Owners may place Wealthlooks-approved banner advertisements. All such advertisements must be linked to your Wealthlooks Personal Website or registered External Website.
Independent Business Owners may not list or sell Wealthlooks products on eBay or any other online auction sites or knowingly allow a third party to do so for them.
6 Placing Orders
6.1 Insufficient Funds on Orders
Orders will not be processed with insufficient funds. Also, orders with insufficient funds will not be processed in commission runs. It is the responsibility of each Independent Business Owner to ensure that his or her orders are submitted with payment in full.
6.2 Order Submission Options
Independent Business Owners can only submit their orders on the corporate website of Wealthlooks or through the Independent Business Owner’s Wealthlooks Personal Website.
6.3 Order Cutoffs for Commission Runs
Wealthlooks shall have weekly Commission runs. For weekly commissions, the commission period begins at 3:00 am Cyprus local time, on Sunday morning and ends at 02:59 pm on Saturday evening, Cyprus local time (GMT+3). Weekly commission calculation will be done on Tuesdays for the week ending 17 days earlier.
For instance, if the commission period being considered is (Sunday) May 2nd, 2021, 3am Cyprus local time, to (Saturday) May 8th, 2021, 02:59pm Cyprus local time, this week's calculation is performed on (Tuesday) May 25th, 2021, 3am Cyprus local time.
The above serves only as an example.
To be included in the weekly commission run, all online orders must be received by Saturday, 02:59 p.m Cyprus local time.
In case of any inconsistencies between this paragraph and the Bonus Affiliates commissions, the Bonus Affiliates commissions shall prevail.
7 Returns
7.1 No Warranties
Except as expressly stated herein, Wealthlooks makes no warranty or representation as to the merchantability, fitness for a specific purpose, workmanship or any other warranty concerning any product or service purchased from or through Wealthlooks.
7.2 Customer Return Policy
Customers may purchase directly from an Independent Business Owner’s Personal Website or directly from the Wealthlooks website Independent Business Owner.
Depending on the circumstances, customers might be able to cancel their order/return the product but this will depend on what they have bought, whether there is anything wrong with it, how we are performing and when they decide to cancel their order/return the product:
(a) If what they have bought is faulty or misdescribed they may have a legal right to get the product repaired or replaced or a service re-performed or to get some or all of their money back as described in this section below,
(b) If they have just changed their mind about the product , They may be able to get a refund if they are within the cooling-off period, but this may be subject to deductions and they will have to pay the costs of return of any goods;
Exercising their right to change their mind. For most products bought online the customers have a legal right to change their mind within 14 days and receive a refund. If Customers who have changed their mind shall be liable to pay the costs of return of the product(s).
How long do customers have to change their mind?How long customers have depends on what they have ordered and how it is delivered.
(a) Have the customers bought digital content for download or streaming (for example, videos)? if so, customers have 14 days after their order is accepted, or, if earlier, until the customers start downloading or streaming, subject to any restrictions provided in the section PAYMENTS, RETURNS AND REFUNDS POLICY FOR CONSUMERS. If the digital content is delivered to the customers immediately, and they agreed to this when ordering, they will not have a right to change their mind.
(b) Have the customers bought goods (for example, cosmetics)? If so they have 14 days after the day they (or someone they nominate) receives the goods, unless anything in the above paragraph applies which terminates a customer’s right to change mind.
For further information please visit our Terms for Online Sales to consumers and Payments, Returns and Refunds Policy for Consumer Payments sections.
It is the obligation of the Independent Business Owner both towards Wealthlooks and the customers to notify a customer about the above return options and limitations.
To return a product please contact us at [email protected].
8 Payments
8.1 Acceptable Forms of Payments
From Independent Business Owners, Wealthlooks accepts payments via JCC or any other such form of payment as may be specified from time to time and communicated to the Independent Business Owners. Wealthlooks reserves the right to amend the payment form or enhance it by accepting in addition or alternatively, other forms of payment.
Wealthlooks does not accept personal checks from customers.
8.2Third Party Use of Forms of Payment
An Independent Business Owner shall not permit other Independent Business Owners or customers to use his or her credit card, checking account or savings account to make purchases from Wealthlooks.
9 Commissions and Bonuses
9.1 Qualifications
Independent Business Owners will earn commissions and bonuses per the rules of the Wealthlooks Bonus Affiliates commissions.
9.2 Payment of Earnings Minimum
When an Independent Business Owner’s earnings are less than €10, a payment will not be issued to the Independent Business Owner. Instead, the earnings will be held until the Independent Business Owner’s earnings are €10 or more. At that time, any unpaid earnings that previously totaled less than €10 will be paid out.
Commission and Bonus Payments
Wealthlooks will pay commissions via their PayQuicker account or through any such other method as may be specified and communicated from time to time and communicated to the Independent Business Owners.
9.3 Adjustments for Returns, Cancelled Orders or Underpayments
On all product returns by customers or by Independent Business Owners, commissions will be adjusted. Commissions will also be adjusted to collect any underpayments of amounts due, including applicable sales tax.
When products are returned or orders are cancelled, adjustments will be made to the current week’s sales volumes of the respective Independent Business Owner and his or her upline Independent Business Owners.
9.4 Confidential Data
Wealthlooks will supply information to each Independent Business Owner regarding his or her downline sales organization, product purchases and sales volumes. The Independent Business Owner agrees that this information is proprietary and confidential to Wealthlooks, that it is provided to Independent Business Owners in confidence and that he or she will not disclose this information to any third parties directly or indirectly or use this information to compete with Wealthlooks directly or indirectly. The Independent Business Owner and Wealthlooks agree that, but for this agreement of confidentiality and nondisclosure, Wealthlooks would not provide the above confidential information to the Independent Business Owner.
9.5 No Income Warranties
Wealthlooks makes no warranty or representation as to success or amount of income that any Independent Business Owner will make with his or her business.
9.6 Limitation of Damages
To the extent permitted by law, Wealthlooks and its officers, directors, employees, other representatives and Independent Business Owners shall not be liable for, and Independent Business Owner hereby releases the foregoing from, and waives any claim for loss of profit, incidental, special, consequential or exemplary damages which may arise out of any claim whatsoever relating to company performance, nonperformance, act or omission with respect to the business relationship or other matters between any Independent Business Owner and Wealthlooks, whether sounding in contract, tort or strict liability. Furthermore, it is agreed that any damages to the Independent Business Owner shall not exceed and is hereby expressly limited to, the amount of unsold Wealthlooks products in resalable condition that are owned by the Independent Business Owner and any commissions and bonuses owed to the Independent Business Owner.
10 Disputes and Disciplinary Actions
10.1 Disciplinary Sanctions
Wealthlooks reserves the right to impose disciplinary actions on Independent Business Owners who violate any of Wealthlooks’ policies and procedures, terms and conditions of the Independent Business Owner Agreement and the Wealthlooks Bonus Affiliates commissions, including any illegal, fraudulent, deceptive or unethical business conduct.
Actions by Wealthlooks may include one or more of the following disciplinary actions:
a. Written warnings;
b. Requiring the Independent Business Owner to take immediate corrective actions;
c. Fines, which may be imposed immediately or deferred to be paid from future commission and bonus earnings;
d. Suspension of earnings from one or more commission periods;
e. Suspension of all rights and privileges as an Independent Business Owner for a a maximum period of six months (“Suspension Period”);
f. Prohibiting the Independent Business Owner from placing orders for products or services offered by Wealthlooks;
g. Prohibiting the Independent Business Owner from sponsoring new Independent Business Owners, contacting current Independent Business Owners or attending meetings of Independent Business Owners;
h. Reassignment of all or a portion of an Independent Business Owner’s downline organization;
i. Reinstatement with conditions or limitations;
j. Termination of the Independent Business Owner’s Agreement with Wealthlooks;
k. Other sanctions that Wealthlooks determines are warranted to equitably resolve injuries that were caused partially or exclusively as a result of the Independent Business Owner’s violation or breach of the Independent Business Owner Agreement;
l. Legal proceedings for monetary or equitable relief;
If the Independent Business Owner’s Agreement is canceled, the Independent Business Owner shall not be entitled to recover any earnings that were withheld during the Suspension Period.
A disciplined Independent Business Owner may appeal a sanction to the Wealthlooks Appeals Board. The appeal must be in writing and must be received by Wealthlooks within 14 days of the issue date of the sanction.
10.2 Grievances
If an Independent Business Owner has a grievance or concern with another Independent Business Owner, the Independent Business Owner should first ask for help from his or her enrolling sponsor or, alternatively, another Independent Business Owner in his or her upline. If the issue is not resolved with assistance from the enrolling sponsor, then the Independent Business Owner may contact Wealthlooks by preparing a letter explaining the concern which Wealthlooks will review and determine the appropriate action.
If the issue is not resolved, it will be referred to the Wealthlooks Appeals Board for final review and determination.
10.3 Dispute Resolution Internal Procedures
The Wealthlooks Appeal Board is charged with reviewing appeals by Independent Business Owners of disciplinary actions and reviewing reported issues between Independent Business Owners that are not resolved by Wealthlooks staff.
For sanctions, Independent Business Owners may request from the Wealthlooks Appeals Board in writing a hearing by telephone or in person within 14 days from the issue date of a Wealthlooks sanction. If no request for an appeal is received by the Wealthlooks Appeals Board within 14 days from the issue date of a sanction, the sanction will be final.
If an Independent Business Owner wishes to appeal a Wealthlooks decision regarding a dispute between Independent Business Owners, the Independent Business Owner may request from the Wealthlooks Appeals Board in writing a hearing by telephone or email at [email protected] or in person within 14 days from the issue date of a written Wealthlooks decision. If no request for an appeal is received by the Wealthlooks Appeals Board within 14 days from the issue date of the Wealthlooks decision, the decision will be final.
The Wealthlooks Appeals Board has the discretion to determine which disputes it will hear. If the Wealthlooks Appeals Board agrees to have a hearing, the hearing will be scheduled within 30 days of the receipt of its request. All evidence must be received by the Wealthlooks Appeals Board no later than seven days before the date of the hearing.
The Independent Business Owner is responsible for any and all expenses incurred to attend a hearing, including the attendance of any witnesses provided by the Independent Business Owner.
When an Independent Business Owner’s dispute is reviewed by the Wealthlooks Appeals Board, the Independent Business Owner agrees that no other remedy or court action is permitted during and after the pendency of the claim before the Wealthlooks Appeals Board.
10.4 Dispute Resolution
These policies and procedures and all agreements by Wealthlooks and its Independent Business Owners shall be governed by the laws of the Republic of Cyprus and are binding on successors and assignees of both parties.
Wealthlooks may, upon notice, terminate the Independent Business Owner Agreement of any Independent Business Owner who, through his or her capacity as an Independent Business Owner, files any legal action, proceeding or induces or facilitates any government agency to file any action against Wealthlooks, any affiliates or subsidiaries which Wealthlooks considers, within its sole discretion, to be without legal foundation or basis in fact.
It is the intention of Wealthlooks to resolve all disputes in an amicable manner. In the event that any dispute cannot be mutually resolved, Wealthlooks may refer the matter to an independent Mediator that will be appointed by both parties or the parties in conflict.
10.5 Governing Law, Jurisdiction and Venue
This Agreement and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed by and construed in accordance with the laws of the Republic of Cyprus. It is agreed that the courts of the Republic of Cyprus shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with this Agreement or its subject matter or formation.
11 Inactivity and Cancellation
11.1 Effects of Cancellation
As long as an Independent Business Owner complies with the terms of the Independent Business Owner Agreement, including these policies and procedures, Wealthlooks shall pay commissions and bonuses in accordance with the Wealthlooks Bonus Affiliates commissions.
The commissions and bonuses earned by an Independent Business Owner represent the entire consideration for the Independent Business Owner’s activities in producing sales and activities related to creating sales, such as building a downline sales organization.
“Cancellation” is the loss of all rights as an Independent Business Owner. These rights include the right to sell Wealthlooks products and services, the right to receive future commissions, bonuses and other income from personal sales and the sales of others in the Independent Business Owner’s downline, the rights to use previously approved advertising and the right to represent oneself as an Independent Business Owner of Wealthlooks.
“Cancellation” may occur due any one of the following:
a. Non-renewal of the Independent Business Owner’s business.
b. Voluntary cancellation of the Independent Business Owner’s business.
c. Involuntary cancellation of the Independent Business Owner’s business.
When an Independent Business Owner’s business is cancelled, the former Independent Business Owner shall no longer have the right, title, claim or interest to the sales, commissions, bonuses or other income of the Independent Business Owner business that he or she operated.
The first level downline of a cancelled Independent Business Owner (Independent Business Owners and customers) will be moved up to be placed underneath the first upline sponsor.
11.2 Cancellation Due to Non-Renewal
An Independent Business Owner will cancel his or her Independent Business Owner Agreement voluntarily when he or she does not renew the Agreement by paying a renewal fee of €100 + V.A.T. (If applicable) no later than 35 days after the anniversary date of the Independent Business Owner Agreement.
Notwithstanding the above, Wealthlooks reserves the right not to accept any Independent Business Owner’s request to renew his or her Independent Business Owner Agreement.
11.3 Involuntary Cancellation
Wealthlooks may, in their absolute discretion, proceed with involuntary cancellation of an Independent Business Owner, and thus terminate the Independent Business Owner Agreement inter alia, in the following situations (which shall not form an exhaustive list):
a. The Independent Business Owner acts in violation of any of the terms of the Independent Business Owner Agreement and/or does not otherwise comply with our Policies and Procedures or legal terms (including the various documents mentioned above which form an integral part of this Agreement), including any changes to these made by Wealthlooks, or
b. The Independent Business Owner acts in violation of laws and regulations or regulations that pertain to the business of Wealthlooks, or
c. the acts or omissions of the Independent Business Owner cause harm or have a negative impact on Wealthlooks, Wealthlooks’ users, or third parties or Whealthlooks’ brand or Wealthlooks’ business ethics, or
d. an Independent Business Owner engages the services of any third party who violates Wealthlooks’ policies, or
e. an Independent Business Owner uses Wealthlooks’ services and products in a manner that constitutes unfair competition, such as promotion of their off-site business in a manner that violates Wealthlooks’ policies.
Wealthlooks may choose to impose on the Independent Business Owner one or more of the sanctions listed in section 10.1, including the involuntary cancellation of his or her Independent Business Owner Agreement.
In extreme situations of violations by an Independent Business Owner, Wealthlooks reserves the right to pursue legal recourse, including reimbursement of expenses, attorney’s fees and court costs from violations, as well as the seeking of other remedies, relief and damages.
When involuntary cancelling an Independent Business Owner Agreement for cause, Wealthlooks will send notification by certified mail to the Independent Business Owner at the address on file or by email to the email prescribed as a method of communication by the Independent Business Owner. The Independent Business Owner, upon receiving this notification, must discontinue all Independent Business Owner activities immediately, including the removal of any websites promoting his or her Independent Business Owner business and the removal of any print, radio, TV, web and all other advertising. In such case the Independent Business Owner Agreement will be deemed as terminated and any access Independent Business Owners have in Wealthlooks material/services/products/sites and any other applicable right they enjoy as Independent Business Owners, is immediately blocked and restricted.
In cases of involuntary cancellation of a Wealthlooks Independent Business Owner, it remains in the absolute discretion of Wealthlooks whether they may accept any application by such cancelled Independent Business Owner to re-join Wealthlooks as an Independent Business Owner or as any other type of affiliate.
11.4 Voluntary Cancellation
An Independent Business Owner has the right to cancel his or her Independent Business Owner Agreement at any time, for any reason. Requests to cancel an Independent Business Owner Agreement must be submitted in writing and the request must include the Independent Business Owner’s username, full name, address, printed name and signature.
An Independent Business Owner may choose to apply again as a new Independent Business Owner six (6) months after the resignation is accepted.
11.5 Reapplication
The acceptance of any new application from a cancelled Independent Business Owner or the application of any family member of a cancelled Independent Business Owner shall be at the sole discretion of Wealthlooks and can be denied.
Where state laws on cancellation are inconsistent with this policy, the applicable state law shall apply.
11.6 Reorganization
Wealthlooks expressly reserves the right to terminate without any obligation whatsoever on the part of Wealthlooks, all Independent Business Owner Agreements upon thirty (30) days written notice in the event it elects to (a) cease business operations; (b) dissolve as a corporate entity; or (c) terminate distribution of its products and/or services through direct selling.
11.7 Waiver of Rights
In the event of cancellation, termination or non-renewal, Independent Business Owners agree to waive all rights including but not limited to property rights to their former downline organization and to any bonuses, commissions or other remuneration derived through the sales and other activities of their former downline organizations.
12 Glossary of Terms
Active
The term given to the status of Independent Business Owners in a given period of time. For instance, an IBO (independent representative=independent business owner; see below) is “active” when he or she has 50 PBV (personal bonus volume; see below) or more in total from the period that includes the current weekly commission period and the previous nine (9) weeks 10 (ten) weeks in total).
Bonus Qualified
The term given to the status of Independent Business Owners when they are eligible to receive bonuses. For instance, an Independent Business Owner (IBO; please see below) when he is “active” AND has at least one personally sponsored “active” IBO in both left and right leg; the enrollment date of the “active” IBO does not matter. For the monthly commission run, an Independent Business Owner is Bonus Qualified when he or she has at least one personally sponsored active IBO in both left and right leg in the current commission period. For the weekly commission run, an Independent Business Owner is Active when he has at least 50 PBV or more in total from the period that includes the current weekly commission period and the previous nine (9) weeks (10 weeks in total).
Bonus Volume (BV)
The basis upon which bonuses are paid. BV is also the basis upon which title qualifications and activity requirements are measured. Commissionable sales generate Bonus Volume. There is a BV associated with each product (e-commerce and e-learning products) and the BV is the same for a product regardless of whether it is purchased at retail or discounted price. BV generated by the personal purchase of commissionable items by an Independent Business Owner (IBO) and/or by the purchases of commissionable items by Customers who were personally sponsored by the IBO.
Downline
A term used to describe the Independent Business Owner’s personally sponsored by an Independent Business Owner and all of the Independent Business Owners sponsored by them, etc. For instance, each of one’s enrollment downline legs begins with a personally enrolled IBO and includes all the IBOs personally enrolled by that IBO and his or her personally enrolled IBOs, all the way down the leg.
Enrolling Sponsor
The term given to an Independent Business Owner (or IBO) who introduces the opportunity to a new recruit. The enrolling sponsor is identified as the enroller on the application of the new Independent Business Owner. The new Independent Business Owner is personally enrolled by his enrolling sponsor.
Good Standing
The term given with reference to settlement of enrolment or renewal fees within a set period of time. For instance, an IBO is in “good standing” when he or she has paid a €100 + V.A.T. (If applicable) enrolment fee or a €100 + V.A.T. (If applicable) renewal fee within the last 400 days; for instance, an elite customer is in “good standing” when he or she has paid a €50 enrolment fee at any time in the past..
Independent Representative
Natural or legal person who turns the Wealthlooks income opportunity into a business; this term is associated with the term “Independent Business Owner (IBO)”.
Leg
A leg begins with a personally enrolled Independent Business Owner and includes all of the Independent Business Owners enrolled below him or her, all the way down the leg.
Original Sponsor
The sponsor at the time an Independent Business Owner was entered into the computer is the original sponsor.
Paid-As Title
While an Independent Business Owner may have previously earned a higher title, her paid-as title is the highest title for which an Independent Business Owner is qualified in a commission period. The paid-as title may be the same as or lower than the Independent Business Owner’s actual title. All Independent Business Owners are paid based on their paid-as title.
Personal Bonus Volume (PBV)
The BV credited to an Independent Business Owner in a weekly commission period from orders placed by the Independent Business Owner and his or her personally sponsored customers (retail customers and/or Elite Customers) who are not Independent Business Owners BV generated by IBO either by personal purchases or by purchases of retail customers or elite customers sponsored by that IBO. The total of all Sales Volume credited to an Independent Business Owner in a calendar month from orders placed by the Independent Business Owner and his personally enrolled customers.
Personally Enrolled
The sponsor who is identified on the application of a new recruit personally enrols the new recruit. While due to deactivation, the sponsor of a recruit may change, the Independent Business Owner who personally enrolled the recruit will not change.
Personally Sponsored
An Independent Business Owner is personally sponsored by his/her current sponsor.
Sponsor
Sponsor is the term given to the current sponsor (immediate upline) of an Independent Business Owner. An Independent Business Owner is personally sponsored by her current sponsor.
Title/Rank
Each Independent Business Owner has a title/rank. His or her title reflects an achievement of several requirements for recognition. The title for which the Independent Business Owner qualifies each month (his or her paid-as title/rank) determines his or her eligibility for bonuses pertaining to ranks in the Bonus Affiliates commissions.
Upline
Upline is a term used to describe the Independent Business Owner who is the sponsor of the Independent Business Owner, his sponsor and all of the sponsors of these sponsors until reaching the top of the genealogy, the Company.
Attention
Please note that there are terms which may not appear in this document and, as such, will not appear in the Glossary section with an explanation. We therefore urge you to read our detailed Bonus Affiliates commissions and other Wealthlooks associated material and documentation wherein such terms are explained in detail and examples are provided.
All products are manufactured according to ISO 22716:2007 - Cosmetics Good Manufacturing Practices.
The products comply with Regulation (EC) No 1223/2009 of the European Parliament and of the Council of November 30th, 2009 on cosmetic products in its current version.
The products are notified and can be freely sold in Cyprus and European Union Territory as cosmetics.